Southern Cross Media Stock Market Value
| SOUTF Stock | USD 0.08 0.01 17.66% |
| Symbol | Southern |
Southern Cross 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Southern Cross' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Southern Cross.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Southern Cross on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Cross Media or generate 0.0% return on investment in Southern Cross over 60 days. Southern Cross is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Southern Energy Corp. operates as an oil and natural gas exploration and production company in Canada More
Southern Cross Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Southern Cross' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Southern Cross Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 35.14 | |||
| Value At Risk | (10.38) | |||
| Potential Upside | 4.92 |
Southern Cross Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Cross' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Cross' standard deviation. In reality, there are many statistical measures that can use Southern Cross historical prices to predict the future Southern Cross' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | 0.627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Southern Cross' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Southern Cross Media Backtested Returns
Southern Cross Media owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0563, which indicates the firm had a -0.0563% return per unit of risk over the last 3 months. Southern Cross Media exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Cross' Variance of 31.7, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,298) to confirm the risk estimate we provide. The entity has a beta of -0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Southern Cross are expected to decrease at a much lower rate. During the bear market, Southern Cross is likely to outperform the market. At this point, Southern Cross Media has a negative expected return of -0.32%. Please make sure to validate Southern Cross' treynor ratio and rate of daily change , to decide if Southern Cross Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Southern Cross Media has below average predictability. Overlapping area represents the amount of predictability between Southern Cross time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Southern Cross Media price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Southern Cross price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Southern Cross Media lagged returns against current returns
Autocorrelation, which is Southern Cross otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Southern Cross' otc stock expected returns. We can calculate the autocorrelation of Southern Cross returns to help us make a trade decision. For example, suppose you find that Southern Cross has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Southern Cross regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Southern Cross otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Cross otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Cross otc stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Cross Lagged Returns
When evaluating Southern Cross' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Cross otc stock have on its future price. Southern Cross autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Southern Cross autocorrelation shows the relationship between Southern Cross otc stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Cross Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Southern OTC Stock
Southern Cross financial ratios help investors to determine whether Southern OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Southern with respect to the benefits of owning Southern Cross security.